The term ________ refers to how the burden of the tax is distributed across various agents in the economy.
A) tax funding
B) tax incidence
C) tax haven
D) tax discrimination
Question 2
In the figure above, the ________ gap is equal to ________.
A) recessionary; 1 trillion
B) inflationary; 1 trillion
C) recessionary; 12 trillion
D) inflationary; 12 trillion
E) recessionary; 13 trillion